A new selling opportunities for USOIL
The Measured AB=CD move
ends at 39.70
Look left there is good structure now acting as resistance
SL should be above 40.15 the ext 1.618
Look for Price Action and also RSI
to enter the short trade,
if a bullish candle close abve 40.15, then the set up
is invalid.
Calculate your lot size,
For example, if you enter at 39.70, SL 40.20
50 pips, and you dont want to lose 500 buck
u should only trade 0.5 LOT ( 1 LOT = 1000 barrel)
The Measured AB=CD move
ends at 39.70
Look left there is good structure now acting as resistance
SL should be above 40.15 the ext 1.618
Look for Price Action and also RSI
to enter the short trade,
if a bullish candle close abve 40.15, then the set up
is invalid.
Calculate your lot size,
For example, if you enter at 39.70, SL 40.20
50 pips, and you dont want to lose 500 buck
u should only trade 0.5 LOT ( 1 LOT = 1000 barrel)
Trade active:
Order filled at 39.70
Comment:
Comment:
Rejected at 1.618 ext.
Rejected at 1.618 ext.
Comment: